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SINGAPORE: Police have arrested a 27-year-old man for suspected involvement in loansharking activities.
He was spotted behaving suspiciously near an automated teller machine by officers on anti-crime rounds near Blk 446 Clementi Avenue 3 Wednesday.
The man was arrested after officers found $200 cash and several ATM cards on him.
Police said he's a debtor-turned-runner and is believed to have assisted loansharks in their business by conducting bank transfers.
Investigations are ongoing.
First-time offenders found guilty of assisting in carrying on an unlicensed moneylending business may be fined between $30,000 and $300,000.
They'll also spend up to four years in jail and receive up to six strokes of the cane.
-CNA/wk
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